321 S Kerr Avenue UNIT 152WilmingtonNC28403
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 321 S Kerr Avenue UNIT 152, Wilmington, NC, 28403 in Wilmington at $269,800 earns $2,094/mo in rent and nets $98/mo after the $1,213/mo payment, a 9.31% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $74,541 over five years. Ziffy Mortgage underwrites this on a 1.73 DSCR without U.S. credit history. With $2,485/yr in principal paydown, total projected return reaches $110,063.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 5.8% |
| Monthly Cash Flow | $98 | $1,850 |
City averages based on Wilmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,094 |
| Total Monthly Debt Service | $1,889 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1997
N/A lot
$N/A/sqft
$4,224 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Townhouse
Built in 1997
N/A lot
$N/A/sqft
$4,224 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices